A new justification of monopolistic competition

被引：9

作者：

Guth, W ^{[1
]}

Huck, S ^{[1
]}

机构：

[1] Humboldt Univ, Dept Econ, Inst Econ Theory 3, D-10178 Berlin, Germany

来源：

ECONOMICS LETTERS | 1997年 / 57卷 / 02期

关键词：

monopolistic competition; evolutionary stability;

D O I：

10.1016/S0165-1765(97)00211-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This note offers an evolutionary justification for monopolistic competition: Sellers act on a symmetric heterogenous market, entertain beliefs about the market structure, and maximize conjectural profit functions. We show that conjectural profit functions neglecting strategic interdependence are (neutrally) evolutionarily stable. (C) 1997 Elsevier Science S.A.

引用

页码：177 / 182

页数：6